NOT LISTED FOR SALE

561 N State St Marion, OH 43302

Estimated Value: $95,000 - $117,273

3 Beds
1 Bath
1,940 Sq Ft
$55/Sq Ft Est. Value

Last Sold August 16, 2023

Last sale price $105,000 $54 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $657/month

73 Days on Market

About This Home

As of August 2023

Don't miss this opportunity to add to your portfolio with this well maintained triplex located at 561 N. State Street in Marion. With three one bedroom and one bath units, all units include kitchen appliances, and a great backyard for summer entertaining, this is an ideal investment for anyone looking to expand their real estate holdings. Three off-street parking spots at the back of the property make it convenient for tenants. Two of the three units have been recently painted top to bottom and are ready for new tenants. The third unit has a long term tenant on month to month lease. Get your showing scheduled!

Last Agent to Sell the Property

Betsy Woken

Coldwell Banker Realty License #2017002316 Listed on: 06/26/2023

Coldwell Banker Realty

Last Buyer's Agent

Corinne Large

Sluss Realty Company License #2021000731

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $889

Year Built

  • Built in 1900

Lot Details

  • 10,454

Home Design

  • 1,940 Sq Ft Home
  • Mixed Use
  • Vinyl Siding

Parking

  • 3 Parking Spaces
  • On-Street Parking
  • Off-Street Parking: 1

Additional Features

  • 10,454 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 12-1040004.300

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $1,800
  • Gross Income $24,000
  • Net Operating Income $22,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$889

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2022
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.24
  • Total Gross Income: 24000.0
  • Co List Office Phone: 937-642-3333
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 24000.0
  • Annual Expenses: 1800.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 1940.0
  • Heat Fuel Electric4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features On Street2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Sewer: Public Sewer
  • Utilities: Water Available, Natural Gas Available, Electricity Available

Schools

  • Junior High Dist: MARION CSD 5102 MAR CO.

Lot Info

  • Parcel Number: 12-1040004.300
  • Lot Size Sq Ft: 10454.4
  • Zoning Description: 530

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 22500.0
  • Annual Operating Expense: 1800.0

Tax Info

  • Tax Annual Amount: 889.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Aug 22, 2023
Sold by
Lowe Tyler W and Lowe Brittany A
Bought by
Bless Llc
Seller's Agent
Betsy Woken
Coldwell Banker Realty
Buyer's Agent
Corinne Large
Sluss Realty Company
List Price
$124,900
Sold Price
$105,000
Premium/Discount to List
-$19,900
-15.93%
Views
67
Current Estimated Value
$106,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,068
Avg. Annual Appreciation
1.00%
Original Mortgage
$78,750
Outstanding Balance
$67,489
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$39,684

Purchase Details

Closed on
Jun 1, 2021
Sold by
Beartrax Llc
Bought by
Lowe Tyler W and Lowe Brittany A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2014
Bought by
Beartrax Llc

Purchase Details

Closed on
Nov 1, 2011
Sold by
Jesbar Llc
Bought by
Shaw Randall C and Shaw Goldie M

Purchase Details

Closed on
Jun 29, 2011
Sold by
Paul Lawrence M
Bought by
Jesbar Llc

Purchase Details

Closed on
Dec 31, 2008
Sold by
Wall Nicholas J
Bought by
Paul Lawrence M

Purchase Details

Closed on
Apr 30, 2008
Sold by
Beartrax Llc
Bought by
Wall Nicholas J

Purchase Details

Closed on
Sep 22, 2006
Sold by
Wall Bart J
Bought by
Beartrax Llc

Purchase Details

Closed on
Feb 9, 2006
Sold by
Wall Nicholas J and Wall Jody
Bought by
Wall Bart J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
6.34%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 3, 2004
Bought by
Beartrax Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bless Llc $105,000 None Listed On Document
Lowe Tyler W $80,000 None Available
Beartrax Llc -- --
Shaw Randall C -- None Available
Jesbar Llc $40,300 None Available
Paul Lawrence M $200,000 None Available
Wall Nicholas J -- None Available
Beartrax Llc -- None Available
Wall Bart J $15,000 None Available
Beartrax Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bless Llc $78,750
Previous Owner Lowe Tyler W $64,000
Previous Owner Beartrax Llc $675,000
Previous Owner Beartrax Llc $90,000
Previous Owner Wall Bart J $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $105,000 -8.7% $54 / Sq Ft
05/19/2023 05/19/23 Price Changed $115,000 -7.9% $59 / Sq Ft
04/26/2023 04/26/23 For Sale $124,900 +19.0% $64 / Sq Ft
04/25/2023 04/25/23 Off Market $105,000 -- --
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $957 $24,940 $2,670 $22,270
2023 $957 $24,940 $2,670 $22,270
2022 $889 $24,940 $2,670 $22,270
2021 $803 $20,280 $2,320 $17,960
2020 $805 $20,280 $2,320 $17,960
2019 $804 $20,280 $2,320 $17,960
2018 $1,276 $14,620 $2,310 $12,310
2017 $1,438 $14,620 $2,310 $12,310
2016 $584 $14,620 $2,310 $12,310
2015 $582 $14,270 $2,200 $12,070
2014 $1,087 $14,270 $2,200 $12,070
2012 $594 $14,450 $2,780 $11,670
Source: Public Records

Agents Affiliated with this Home

  • Betsy Woken

    Seller's Agent in 2023

    Betsy Woken

    Coldwell Banker Realty

    (614) 774-9203

    29 in this area

    77 Total Sales

    Betsy Woken
    Section Image
  • Corinne Large

    Buyer's Agent in 2023

    Corinne Large

    Sluss Realty Company

    (740) 341-9464

    24 in this area

    31 Total Sales

    Corinne Large
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223011524

Columbus and Central Ohio Regional MLS

APN: 12-1040004.300

Ohio Marion County Marion 43302

561 N State St, Marion, OH

This home is located at 561 N State St, Marion, OH 43302 since 26 June 2023 and is currently estimated at $106,068, approximately $54 per square foot. This property was built in 1900. 561 N State St is a home located in Marion County with nearby schools including William H. Taft Elementary School, Ulysses S. Grant Middle School, and Harding High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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